Formation of PZ Cussons Beauty Division
17 February 2011
PZ Cussons Plc
(the "Group")
FORMATION OF PZ CUSSONS BEAUTY DIVISION
PZ Cussons today announces the formation of the PZ Cussons Beauty Division, an exciting strategic move designed to maximise the potential, both in the UK and internationally, of its portfolio of premium beauty brands; St Tropez, The Sanctuary and Charles Worthington.
Michelle Feeney, currently CEO of St Tropez, has been appointed to the new position of CEO of PZ Cussons Beauty, bringing to the role both extensive experience, and a history of delivering growth. She will report to Alex Kanellis, Group Chief Executive of PZ Cussons, and will be supported by Managing Directors Ann Murray (UK) and Selma Terzic (International), who have held lead roles in the Group's Sanctuary and St Tropez businesses respectively.
The division will be fully operational by 1 June 2011 and will be based in Covent Garden, London.
Alex Kanellis, Group Chief Executive of PZ Cussons, said:
"Following the acquisition of St Tropez in September 2010, the Group has reviewed options for the most effective structure to drive the profitable growth of the brand on a global scale.
Given the similarities and synergies which already exist between St Tropez, The Sanctuary and Charles Worthington, the creation of the beauty division was the logical next step in ensuring that we realise the full potential of these three outstanding beauty brands and maximise their presence both in the UK and internationally.
Michelle Feeney has transformed St Tropez since joining the business in 2006 and, prior to this, spent 11 years at Estee Lauder as part of a 25 year career in the beauty industry. Her experience will provide the division with the drive and creative know-how to grow our premium brands in the UK and overseas."
Michelle Feeney said:
"I am thrilled to be taking on such an exciting role and I believe there is a significant opportunity for all three brands to grow both in the UK and internationally. It is a unique position - we are creating a new division, headquartered in London with a core stable of British brands. The role enables me to utilise my global experience and brand building skills to take these much loved UK ranges to new markets around the world."
The PZ Cussons Group will operate in the UK as two autonomous divisions: PZ Cussons Beauty and PZ Cussons UK, with the latter comprising the Group's core Washing and Bathing portfolio, including Imperial Leather, Original Source and Carex.
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For further information contact:
PZ Cussons Plc Tel: 0161 435 1016
Brandon Leigh - Finance Director
MHP Communications (Formerly Hogarth) Tel: 020 3128 8100
John Olsen / James White / Giles Robinson
This information is provided by RNS